We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Bank resolution and safeguarding the creditors left behind.
- Authors
Davies, Geoffrey; Dobler, Marc
- Abstract
Not for the first time, the global banking crisis illustrated the vulnerability of banks to a loss of confidence by their depositors, other creditors and counterparties. The experience highlighted the need to have special arrangements for dealing with failing banks — a 'special resolution regime' — that provides the authorities with the tools necessary to reduce the systemic risks arising from a bank's failure while at the same time limiting the taxpayers' exposure to the costs. The United Kingdom's own Special Resolution Regime for dealing with failing banks and building societies was borne out of the difficulties in dealing with the failure of Northern Rock in the autumn of 2007.
- Subjects
UNITED Kingdom; BANKING industry; CRISES; BANK failures; TAXATION
- Publication
Bank of England Quarterly Bulletin, 2011, Vol 51, Issue 3, p213
- ISSN
0005-5166
- Publication type
Article